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Basic Allowance for Housing (BAH) is calculated based on several factors, primarily the location of the military member's duty station, their pay grade, and whether they have dependents. BAH rates are determined annually by the Department of Defense and are intended to cover a portion of the housing costs for military personnel.
There are two types or OHA, with dependents and without dependents. The rationale behind this is that a single person doesn't need as much room as a couple or a family. The number of dependents does not affect a servicemember's OHA (a member with a spouse and no children and a spouse and one or several children receive the same amount of OHA).
There are several types of BAH to satisfy various housing situations that occur among military members. In general, the amount of BAH you receive depends on your location, pay grade, and whether you have dependents. Under most circumstances, you receive BAH for the location where you are assigned, not where you live.
The Child and Dependent Care Tax Credit can reduce your tax liability based on eligible care expenses for children or dependents. The idea behind the credit is that you and/or your spouse can ...
All employees of the same class will have the same allowance but can vary allowance amounts within classes by age and number of dependents. Let's say an employee pays a $40 copay to see a specialist.
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The tax rates displayed are marginal and do not account for deductions, exemptions or rebates. The effective rate is usually lower than the marginal rate. The tax rates given for federations (such as the United States and Canada) are averages and vary depending on the state or province. Territories that have different rates to their respective ...
It's easy to calculate your marginal tax rate without professional assistance. In fact, it doesn't require any calculation at all. Simply determine your combined taxable income and find the ...